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business cycle
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business cycle

Period of time that includes a peak and trough of economic activity, as measured by a country's national income. The economy passes through phases of boom and recession, causing changes in the levels of output, unemployment, and inflation.

In Keynesian economics, one of the main roles of the government is to smooth out the peaks and troughs of the business cycle by intervening in the economy, thus minimizing ‘overheating’ and ‘stagnation’. This is accomplished by regulating interest rates and government spending.



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? Mentioned in ? References in periodicals archive
 
Business Cycles and Forecasting, Harper, New York, 1996.
A general explanation of the American business cycle of 1991-2001 by Mouhammed, Adil H. / Journal of Academy of Business and Economics
For ease of implementation and evaluation, Motorola divides its processes into 13 business cycles (see chart).
Internal control matters...again: Motorola's senior vice president ... by Sinnett, William M. / Financial Executive
Much recent economic literature suggests that the more countries trade, the more alike their business cycles become.
The view from the front of the train: some unique thoughts on how the ... by Gruben, William / The International Economy
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